5265 West Mercer Way Mercer Island WA 98040 MLS #NWM2469842

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Listing Provided Courtesy of Windermere West Metro
A rare west-facing Mercer Island waterfront legacy, this extraordinary offering presents a once in a generation opportunity to create an iconic estate. Set on approximately 28,000 square feet of private, forested grounds with 150 feet of shoreline, the property commands sweeping views of Seattle’s skyline, Seward Park, glowing sunsets, and the dynamic beauty of Lake Washington. The setting feels tranquil and secluded, yet remains moments from the heart of Mercer Island and within effortless reach of Seattle, Bellevue, Issaquah, and year round mountain recreation. A private dock supports an exceptional lakeside lifestyle with boating, swimming, paddleboarding, and long summer days on the water. The existing 3880 sq foot residence is rich in timeless character and presents an ideal candidate for a comprehensive gut renovation, preserving its soul while elevating it to modern luxury standards, or alternatively offers a compelling canvas for new construction that fully maximizes the premier west side waterfront setting. Located in one of Mercer Island’s most coveted neighborhoods, this rare property benefits from top rated schools, a strong community, and enduring long term value through irreplaceable land and views.
Current real estate data for Single Family in Mercer Island as of Jan 21, 2026
32
Single Family Listed
114
Avg DOM
1,250
Avg $ / SqFt
$5,274,588
Avg List Price

Property Details

Price:
$8,150,000
MLS #:
NWM2469842
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
West Mercer
Neighborhood:
510mercerisland
Listed Date:
Jan 20, 2026
Finished Sq Ft:
3,880
Total Sq Ft:
3,880
Lot Size:
28,009 sqft / 0.64 acres (approx)
Year Built:
1941
WaterfrontLakefront510 – Mercer Island510mercerislandWest MercerMercer Island

Schools

School District:
Mercer Island

Interior

Appliances
Dishwasher(s), Double Oven, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Bathrooms
2 Full Bathrooms
Cooling
None
Fireplaces Total
2
Flooring
Ceramic Tile, Hardwood, Carpet
Heating
Baseboard, Forced Air

Exterior

Construction Materials
Cement, Stucco
Exterior Features
Cement/Concrete, Stucco
Parking Features
Driveway, Attached Garage, Off Street
Parking Spots
2
Roof
Tile

Financial

Tax Year
2025
Taxes
$58,757

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Community

Property Summary

    Located in the West Mercer subdivision, 5265 West Mercer Way Mercer Island WA is a Single Family for sale in Mercer Island, WA, 98040. It is listed for $8,150,000 and features 4 beds, 2 baths, and has approximately 3,880 square feet of living space, and was originally constructed in 1941. The current price per square foot is $2,101. The average price per square foot for Single Family listings in Mercer Island is $1,250. The average listing price for Single Family in Mercer Island is $5,274,588. To schedule a showing of MLS#nwm2469842 at 5265 West Mercer Way in Mercer Island, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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